Sheffield-based SIG has released a trading update for the third quarter of its fiscal year ended December 31, 2021.
The press release said: “Following the update provided at the time of the group’s interim results, the Board of Directors is pleased to confirm that the strong business performance seen in July and August continued through September.
How Sheffield-based SIG plc had an encouraging start to the year
The statement added: “UK distribution performance was the main driver of the growth acceleration in the third quarter, with activity returning to growth versus monthly comparators in 2019 as expected. , while the strategic and operational changes made since July 2020 continue to drive the return to its previous position and performance in the market. “
“We recognize the potential impact of these shortages if the situation persists for an extended period of time, but remain very confident in the effectiveness of our supply chain management and business agility. Due to the continued strong momentum in sales and operational performance, we are now more confident in our near-term outlook and expect underlying operating profit for the full year to be higher than current market forecasts. “
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